Author Question: Fashion trends are a nonprice determinant for demand because A) they cause a movement along the ... (Read 222 times)

jhjkgdfhk · **on:** Jun 29, 2018

Fashion trends are a nonprice determinant for demand because

A) they cause a movement along the demand curve.
B) they influence people's tastes and preferences in clothing.
C) they change the supply of accessories.
D) they do not affect demand.

Question 2

When positive externalities exist, the private market equilibrium represents a

A) market price which is too low and a market quantity which is too low.
B) market price which is too low and a market quantity which is too high.
C) market price which is too high and a market quantity which is too low.
D) market price which is too high and a market quantity which is too high.